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The Syrian Civil Aviation Authority has signed a $4 billion agreement with an international consortium last week (6 August), including companies from Türkiye, Qatar and the United States, aiming to expand Damascus International Airport.
The consortium, comprising UCC Concessions Investments LLC (Qatar), Assets Investments USA LLC (USA), and Türkiye’s Cengiz İnşaat, Kalyon İnşaat, and TAV Tepe Akfen, will carry out the build-operate-transfer project in five phases, aiming to achieve an annual passenger capacity of 31 million.
The project is considered as a major milestone among Syria’s reconstruction efforts, designed to improve global connectivity and stimulate economic growth, trade, and tourism.
As one of the most substantial infrastructure investments in Syria in recent decades, it underscores the country’s efforts to reestablish its role in the region and regain its place on international air routes, said the statement following the signing ceremony.
The signing ceremony took place in Damascus in the presence of Mr. Tom Barrack, the U.S. Special Envoy to Syria, representatives of the Qatari Embassy in Syria, senior official delegations, and a number of diplomats. The agreement was signed by Mr. Omar Al-Husari, Chairman of the General Authority of Civil Aviation – representing the Government of the Syrian Arab Republic – along with Mr. Mohammad Moataz Al-Khayyat, Chairman of UCC Holding; Mr. Sani Şener, Chairman of TAV; Mr. Anthony Salter, CEO of Assets Investments USA; Mr. Murat Ergonul, Board Member of Cengiz İnşaat; and Mr. Murathan Kalyoncu, Chairman of Kalyon İnşaat.

The project will be implemented in five successive phases, beginning with an increase in passenger capacity to 6 million in the first year, followed by 16 million after the second phase, and ultimately reaching 31 million annually upon full completion.
The new airport will feature up to 32 gates with modern passenger boarding bridges, a fully integrated air navigation system, and a world-class duty-free zone offering a wide range of international restaurants, premium cafés, and top fashion brands—positioning it as one of the region’s most advanced airports.
The project also includes the development of a main access road extending up to 50 kilometres, as well as a $250 million investment to acquire up to 10 Airbus A320 aircraft for Syrian Airlines, aimed at strengthening the fleet and boosting the national carrier’s competitiveness.
Four people were killed, including a child, in Ukrainian strikes on the Russian port city of Novorossiysk overnight, according to the governor of the Krasnodar region. Ukraine's drone forces commander, Robert Brovdi, said Russian military ships were destroyed in the attacks.
Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, explosions were heard across parts of southern Iran according to local media reports.
Iran’s Revolutionary Guards (IRGC) said on Wednesday they attacked two U.S. vessels and eight oil tankers in the Persian Gulf, calling the strikes a response to a U.S. attack on five Iranian tankers.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
Nobel laureate Geoffrey Hinton has warned against rushing to develop artificial superintelligence, arguing that scientists still do not know how to ensure systems more capable than humans remain safe and under control.
Volkswagen’s supervisory board has approved a major overhaul aimed at cutting 100,000 jobs by 2030 as the German carmaker battles weaker sales, falling profits and intensifying global competition.
Chinese Premier Li Qiang has called on American companies to expand their presence in China and pledged that Beijing would address their "reasonable concerns," as China looks to stabilise trade ties with Washington ahead of President Xi Jinping's planned visit to the U.S. later this month
Apple is entering a new era as Tim Cook steps down as chief executive after 15 years at the helm, handing the technology giant's leadership to longtime executive John Ternus.
Volkswagen is heading towards a decisive showdown with labour representatives as Germany's largest carmaker weighs sweeping restructuring measures that could lead to factory closures and tens of thousands of job losses.
Online fast-fashion retailer Shein is seeking to raise up to $1.77 billion in a Hong Kong IPO after its valuation fell around 70 per cent from its private-market peak four years ago.
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